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Samsung announced its newest smartphone, the Galaxy Note 8, on Aug. 23. The new phone is the successor to the Galaxy Note 7, which was recalled when dozens caught fire because of a battery problem. (Published Wednesday, Aug. 23, 2017)

Samsung Electronics Co. said Tuesday it aims to launch a foldable smartphone next year under its Galaxy Note brand.

Koh Dong-jin, president of mobile business at Samsung Electronics, said the company is setting its eyes on 2018 to release a smartphone with a bendable display. But he said there are several hurdles it has to overcome, leaving room to push back the release if those problems are not solved.

"As the head of the business, I can say our current goal is next year," he told reporters. "When we can overcome some problems for sure, we will launch the product."

He did not elaborate what the problems are. Analysts said mass-producing a foldable phone with top tech features and a thin body will take time.

CPSC: Stop Using, Charging Samsung's Note 7

Samsung's Note 7s are being pulled from shelves in 10 countries, including South Korea and the United States. Ray Villeda reports

(Published Monday, Sept. 12, 2016)

When Samsung will release its first foldable phone has been a perennial question in the market since Samsung first showcased a flexible display prototype called Youm in 2013. For at least the past two years, there have been rumors that Samsung is close to showing off its first smartphones that can be folded.

Koh also said the company is working with auto-systems maker Harman to develop an artificial intelligence-enabled speaker that users can speak to in order to play music and conduct other tasks. Samsung acquired the Stamford, Connecticut-based company last year as part of its plans to expand in the emerging market for connected cars.

Amazon and Google already have those always-on voice-controlled speakers in the market while Apple's Homepod is due to go on sale later this year. It is not clear when Samsung's voice-controlled speaker, which will likely use the South Korean company's Bixby voice assistant, will be unveiled. Koh did not say when it will hit the market.

The comments were made at Samsung's news conference to announce the Galaxy Note 8 smartphone to domestic media, just hours before Apple announces its 10th-anniversary iPhone models.

Samsung's mobile president said market response to the Note 8 beat its expectations even though its price was more expensive than past models and even as the Note brand's reputation took a hit from its previous model, the disgraced Note 7 phone that was recalled twice and discontinued after it spontaneously overheated or caught fire.

Samsung received more than a half million pre-orders — 650,000 units — for the Note 8 in South Korea before its Friday launch, Koh said. The Note 8 has been the most expensive smartphone Samsung has released. Its price starts at 1.1 million won ($969) in South Korea and $930 in the U.S.